GBP/USD Surges on Diminishing Chance of a Brexit

Investors reacted after three of six opinion polls published over the weekend showed a shift towards keeping Britain in the EU, with some citing the killing last week of pro-EU lawmaker Jo Cox as a factor. GBP soars after polls favour Britain staying in EU According...

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EUR/USD offered near 1.1280, EMU CPI eyed

EUR/USD lower, dollar buoyant The buying interest around USD has been gathering traction after recent positive surprises in the US calendar and following hawkish comments by FOMC members (Lockhart and Williams), somewhat putting back into consideration a potential rate...

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Indian rupee depreciates against US dollar - 13 May 2016

The Indian rupee depreciated by 0.03 paise to Rs 66.9000 against the US dollar on Wednesday as a result of increased demand for the greenback from importers in the midst of appreciation in the American currency overseas. Further, a lower opening at the domestic equity...

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Dollars Demise Dismissed For Now - 5 May 2016

Few things the markets are talking about. Trading yesterday was not for the faint of heart. Global markets were shaken by continued weak growth readings in China and Europe coupled with the Reserve Bank of Australia (RBA) surprise decision to lower rates. The various...

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The US just dropped the hammer on currency manipulation - 3 May 2016

The U.S. government is sending a message to countries it believes are manipulating their currencies. A Treasury report targets five countries in particular: China, Japan, Korea, Taiwan and Germany. Each meets at least two of the three criteria that "determine whether...

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DAILY FOREX UPDATE- 10 Mar 2016

USD-INR: The Indian Rupee appreciated by 0.20 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic markets. Further, FII inflows into local shares supported Rupee. Benchmark stock index 50 share Nifty Index increased by 0.62 percent...

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Live Forex Updates- 9 Mar 2016

USD-INR: The Indian Rupee depreciated by 0.40 percent in yesterday’s trading session on the back of rise in risk aversion in the global markets. Weak economic data from China led to the concern over slowdown in world second largest economy. Exports from China fell by 25.4...

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EURUSD Heading Towards 1.0950?

Key Points Euro was crushed during the past couple of sessions against the US dollar, and it looks set for more declines. EURUSD formed a bearish structure on the hourly chart, which was broken to ignite a downside move. German Gross Domestic Product released by...

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Rupee wilts in early deals..

After taking three day holiday, the spot rupee depreciated in early morning deals - with a loss of 16 paise at 68.63 as against the US dollar. The domestic currency touched a low of 68.69, and is now down 16 paise at 68.63. Meanwhile, rupee February futures have shed...

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FOREX MARKET UPDATE- 17 Feb 2016

Trading the News: U.K. Jobless Claims Change Despite forecasts for another 3.0K decline in U.K. Jobless Claims, a further slowdown in Average Weekly Earnings may weigh on the sterling and spark a bearish reaction in GBP/USD as it provides the Bank of England (BoE) with...

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